Douglass Winthrop Advisors LLC Increases Holdings in Nike Inc (NKE)

Douglass Winthrop Advisors LLC grew its position in shares of Nike Inc (NYSE:NKE) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 745,128 shares of the footwear maker’s stock after acquiring an additional 1,427 shares during the period. Nike comprises about 2.7% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 10th largest position. Douglass Winthrop Advisors LLC’s holdings in Nike were worth $55,244,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BDO Wealth Advisors LLC grew its stake in Nike by 1,044.3% during the 2nd quarter. BDO Wealth Advisors LLC now owns 1,396 shares of the footwear maker’s stock valued at $111,000 after purchasing an additional 1,274 shares in the last quarter. Resources Management Corp CT ADV acquired a new stake in Nike during the 3rd quarter valued at approximately $113,000. G&S Capital LLC grew its stake in Nike by 14.4% during the 4th quarter. G&S Capital LLC now owns 1,522 shares of the footwear maker’s stock valued at $113,000 after purchasing an additional 191 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in Nike during the 3rd quarter valued at approximately $115,000. Finally, Highwater Wealth Management LLC acquired a new stake in Nike during the 4th quarter valued at approximately $116,000. Institutional investors own 63.98% of the company’s stock.

A number of equities research analysts have weighed in on the company. UBS Group restated a “neutral” rating on shares of Nike in a research note on Tuesday. Cowen set a $80.00 price objective on Nike and gave the company a “hold” rating in a research note on Friday, January 11th. Bank of America set a $55.00 price objective on Nike and gave the company a “sell” rating in a research note on Friday, January 11th. Needham & Company LLC upgraded Nike from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday, January 10th. Finally, HSBC lowered Nike from a “neutral” rating to a “hold” rating in a research note on Wednesday, January 9th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $83.14.

In related news, Chairman Mark G. Parker sold 150,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $78.00, for a total value of $11,700,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John F. Slusher sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $74.05, for a total value of $14,810,000.00. Following the completion of the sale, the executive vice president now directly owns 284,805 shares in the company, valued at approximately $21,089,810.25. The disclosure for this sale can be found here. In the last three months, insiders sold 500,000 shares of company stock worth $37,562,000. Company insiders own 3.90% of the company’s stock.

Shares of NYSE NKE opened at $79.13 on Friday. The company has a market capitalization of $123.36 billion, a P/E ratio of 32.70, a P/E/G ratio of 2.40 and a beta of 0.69. Nike Inc has a 12-month low of $62.09 and a 12-month high of $86.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 2.14.

Nike (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 20th. The footwear maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.06. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.17 billion. Nike had a return on equity of 44.85% and a net margin of 5.66%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.46 EPS. On average, research analysts forecast that Nike Inc will post 2.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Investors of record on Monday, December 3rd were issued a $0.22 dividend. This is an increase from Nike’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 30th. This represents a $0.88 annualized dividend and a dividend yield of 1.11%. Nike’s dividend payout ratio (DPR) is 36.36%.

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Nike Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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